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Number of auctions drops, but clearance rate remains sky high

The number of properties sold in auctions fell in Melbourne, Sydney and Brisbane, but it rose strongly in Canberra and Perth during the week ending 6th September according to rpdata.com. Total auctions dropped by 13% to 601 in Melbourne. Sydney lost 9% to 396 while Brisbane recorded a 15% drop in the number of auctions.

Investing in holiday homes by Nila Sweeney

Or is it? When you get back home finance friends shake their heads and say you got too much sun, the initial maintenance bill arrives and talk of an airline strike makes you wonder if you've invested in property or tourism.

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Investors, repeat homebuyers jostle at Sydney and Melbourne auctions

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